While lawmakers debate whether to raise the federal minimum wage to as much as $15 an hour from the current $7.25, chief executives are weighing in about the potential impact on their businesses.
Here is what some business leaders have said recently:
Christopher J. Kempczinski, chief executive of McDonald’s Corp.
“There was a significant increase in the minimum wage that was passed in Canada a couple of years back. And that team, working with the franchisees, did a spectacular job of working that through on to the menu, through pricing, through productivity. … The [U.S.] minimum wage is most likely going to be increasing, whether that’s federally or at the state level, as I referenced. And so long as it’s done, like I said, in a staged way and in a way that is equitable for everybody, McDonald’s will do just fine.”
